MANILA, Philippines — Industry revenues contracted by 4.9 percent in the first quarter as steep declines in earnings were seen in mining and manufacturing, the Philippine Statistics Authority (PSA) reported yesterday. The 4.9 percent decline in the Gross Revenue Index was a reversal of the 8.3 percent growth in the same quarter last year. Among […]
Read MoreMANILA, Philippines — The Philippine office market registered a 34 percent rise in demand in the months of April and May despite the imposition of community quarantines around the country, Leechiu Property Consultants (LPC) said. In a statement, LPC said office demand in January to May this year reached 211,000 square meters(sqm), a 54,000 sqm […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission (SEC) has warned against Bitcoin Revolution, which presents itself as a cryptocurrency trading program supposedly endorsed by government officials, businessmen and celebrities. In a June 16 advisory, the SEC urged the public to stop investing in schemes offered by Bitcoin Revolution or any other entities engaged in […]
Read MoreMANILA, Philippines — The Philippines and Asian Development Bank (ADB) have inked a $500-million loan agreement for the provision of education and health assistance to poor Filipino households, according to the Department of Finance (DOF. In a statement, the DOF said Finance Secretary Carlos Dominguez and ADB country director for the Philippines Kelly Bird signed […]
Read MoreMANILA, Philippines — Revenues generated by the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) declined by 50 percent in May compared to last year’s level due mainly to the extension of the deadline for the filing and payment of income taxes, the Department of Finance (DOF) said yesterday. In a press […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) declined 32 percent in the January to May period from a year ago due to the outbreak of the coronavirus disease 2019 or COVID-19. Data presented by PEZA director general Charito Plaza in an online press briefing yesterday showed the agency approved P29.54 […]
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